Stocks to watch: ThaiBev, ST Engineering, First Reit, Vertex Technology

THE following companies saw new developments that may affect trading of their securities on Monday (Nov 28):

Thai Beverage (ThaiBev): The beverage manufacturer posted earnings of 30.1 billion baht (S$1.2 billion) for the full FY2022, up 22.2 per cent from net profit of 24.6 billion baht in FY2021 on higher sales revenue. The group has proposed a final dividend of 0.45 baht per share, higher than the final dividend of 0.35 baht last year. Shares of Thai Beverage ended the week down 0.8 per cent or S$0.005 at S$0.61, before its financial statements were released Friday.

Singapore Technologies Engineering (ST Engineering): The defence and engineering group on Monday posted a 19 per cent rise in revenue of S$6.5 billion for the nine months ended Sep 30, with higher contributions across all business segments. The counter closed 0.6 per cent or S$0.02 higher at S$3.49 on Friday.